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Banco Bilbao Vizcaya Argentaria Paraguay S.A. Oct 10
Standard & Poors, Oct 2010
Abstract
Status as a strategically important subsidiary for its parent Good market position in the Paraguayan banking system Healthy asset quality indicators Strong and stable profitability Risks inherent in operating in a high-sovereign-risk country Stiff competition Loan concentration in agriculture Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Paraguay S.A. (BBVA Paraguay) are constrained by the risks intrinsic to operating in a country with high industry and country risk. Also, its portfolio concentration in agriculture, though similar to that of Paraguayan GDP, and operation in a highly competitive environment constrain the rating. On the other hand, the bank's good market position and healthy financials support the ratings. We consider BBVA Paraguay a strategically important subsidiary of Banco Bilbao...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Paraguay S.A.,BBVA USA Bancshares Inc.,Compass Bank,BBVA Bancomer S.A.,Paraguay (Republic of),Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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